Billionaire’s 15 Favorite Oil and Gas Stocks Right Now

12. EOG Resources, Inc. (NYSE:EOG)

Number of Billionaire Holders: 13

Next on our list of the Best Energy Stocks According to Billionaires is EOG Resources, Inc. (NYSE:EOG), one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the US and Trinidad.

EOG Resources, Inc. (NYSE:EOG) beat Q4 profit estimates with an EPS of $2.74, despite its expenses rising 3.6% YoY and overall quarterly revenue falling 12% YoY to $5.59 billion due to the lower oil revenues and losses from derivative contracts. The company’s Q4 volumes were up 6.7% YoY at nearly 1.1 million boepd, and it has announced a $6.2 billion capital plan to grow oil production 3% and total production 6% in 2025.

EOG Resources, Inc. (NYSE:EOG) returned a record $5.3 billion to shareholders in 2024, representing 98% of its free cash flow and well in excess of its commitment to return a minimum of 70%. The company has never reduced or suspended its regular dividend in the last 27 years and declared a dividend of $0.975 per share in February. As a result, EOG was included among the 13 Best Natural Gas and Oil Dividend Stocks To Buy.